CRTC investigating ‘possible misleading’ telco sales practices after first rejecting the idea

The CRTC has launched a public inquiry into “possible misleading or aggressive” sales practices used by telecom companies, a move the regulator flatly refused to make just six months ago. “It was definitely discouraging when the CRTC rejected it the first time around,” said Laura Tribe, executive director of consumer advocacy group Open Media. “It is also […]

U.S. tariffs take effect, China warns of ‘counterattack’

The United States hiked tariffs on Chinese imports Friday and Beijing said it would be forced to counterattack in a dispute between the world’s two biggest economies that U.S. President Donald Trump says he is prepared to escalate. Washington increased tariffs at 12:01 a.m. ET on $34 billion US worth of Chinese imports, a first step […]

Alberta’s energy regulator ignoring own rules on tailings ponds: critics

Alvaro Pinto wants Alberta’s energy regulator to follow its own oilsands rules. The director of sustainability for the Fort McKay First Nation — a community surrounded by oilsands developments — said he doesn’t understand how the agency can say it’s going to enforce one thing, then allow industry to do something else. “We are very […]

Corus stock falls more than 18% after $935.9M quarterly loss, dividend cut

Corus Entertainment Inc. shares touched all-time lows Wednesday after the company announced a $935.9 million loss tied mostly to a devaluation of its broadcast licences and slashed its dividend to accelerate debt reduction. The company’s B shares fell 18.4 per cent or $1.15 to close at $5.10 i on the Toronto Stock Exchange. Earlier, they had touched […]

HBC shareholders challenge executive renumeration, real estate plans

Hudson’s Bay Company faced a fight from some of its most prominent investors Tuesday over its decision to award executives with multi-million-dollar pay packages despite two years of weak sales and sizable losses for the retailer. The Ontario Teachers’ Pension Plan, British Columbia Investment Management Corp. and the California Public Employees’ Retirement System (CalPERS) said […]

Rift between Trump and Trudeau could be first step towards a recession, warns former foreign affairs minister

Read Story Transcript Experts are calling the public animosity brewing between U.S. President Donald Trump and Prime Minister Justin Trudeau after the G7 summit unprecedented, alarming — and a possible first step towards a recession in Canada.   If Trump makes good on his threat to impose new tariffs on the auto industry, there could be serious repercussions […]

Year-over-year housing sales in Greater Toronto Area down 22.2 per cent in May

The Toronto Real Estate Board (TREB) reports that May housing sales in the Greater Toronto Area were down 22.2 per compared to May of last year. TREB says that while the number of sales was down year-over-year to 7,834 units, the annual rate of decline was less than reported in February, March and April, when […]

Scotiabank buys doctors financial services company for $2.5 billion

Scotiabank has acquired doctors’ wealth services company MD Financial Management for $2.5 billion. The company provides financial planning, insurance, banking, investment and estate and trust services to Canadian doctors. A public offering of 19.7 million common shares at $76.15 per share will fund a portion of the acquisition. The acquisition also includes a 10-year deal […]